Quote:
Originally Posted by sugarwood
Find out if some of that mgmt annual fee still good to the broker
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The one mutual fund I have most of has a man. fee of 2.3%. I believe that Canada has some of the highest fees in the world. There is supposed to be more disclosure about how much the adviser gets per year but I have not seen it yet. I am guessing about 1%.
Capital gains last year came to 5.6% of the market value even though I did not sell any of that mutual fund. There is no efficiency anymore in this fund although it has given an average rate of return of about 8% per year since I got it 7 years ago. There is no deferred sales charge on this fund as I paid up front.